Category Archives: News & Events

10th Annual Estrella Trial Advocacy Competition (ETAC) 2024

Estrella, LLC and George Washington University Law School announce the 14 law schools who will compete in their 10th Annual Estrella Trial Advocacy Competition (ETAC). The event will be held on April 13 & 14, 2024, in San Juan, Puerto Rico. “We are proud to be hosting our 10th Annual competition. What began as a

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Estrella Legal Alert – Corporate Transparency Act (CTA) Reporting Requirements

The Corporate Transparency Act (CTA), enacted on January 1, 2021, and effective January 1, 2024 (31 U.S.C. § 5336), requires certain entities to report their beneficial ownership information (BOI) and other information to the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). While exemptions to the CTA exist, the CTA’s application is intended

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Estrella Legal Alert – Organizing Your Family Business as a Corporation or Limited Liability Company

Many business owners decide to operate as a traditional corporation or a limited liability company to reduce personal risk, optimize tax management or secure capital from investors. In the case of a family run business, it is a natural step in the growth of the business from a D/B/A to secure long-term performance beyond founding

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Labor & Employment Alert – Federal Department of Labor announced proposed regulation intended to apply to Puerto Rico and increase the standard salary level of most exempt employees.

On August 30, 2023, the Department of Labor (DOL) announced proposed regulation issued under the Fair Labor Standards Act (FLSA) to increasing the standard salary level of most exempt employees.    The proposed rule also specifically intends to restore overtime protections for U.S. territories”.  Thus, if a final rule is announced as proposed, it will increase the

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